SHORT DXY Approaching Resistance, Prepare For A Reversal
DXY is approaching its resistance at 97.29 (78.6% Fibonacci retracement, horizontal swing high resistance, Elliott Wave) where it could reverse down to its support at 96.74 (38.2% Fibonacci retracement, horizontal pullback support). Stochastic (89, 5, 3) is approaching its resistance at 96% where a corresponding reversal is expected.
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Losses can exceed the initial investment so please ensure you fully understand the risks.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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